Get ready for the new normal

Friday, December 13, 2019

The finance ministry’s proposals for a review of taxes, exemptions and other belt-tightening measures have naturally set off consternation amongst the public.

The ministry’s quite preliminary proposals are particularly off-putting as they come at a time when an uncomfortably high number of Batswana are struggling with unemployment, poverty and access to economic opportunities.

The facts, however, are that higher taxes and fewer exemptions will inevitably become the new normal in an era where the country’s main revenues, such as from diamond mining, are on the decline.

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